[시황] Bitcoin recovers $320,000… altcoin bull market stands out

[출처: 두나무]

The US stock market was mixed with stimulus uncertainty a week ahead of the earnings release. The Nasdaq index ended with a strong consolidation as the rise was driven by large technology stocks that are expected to improve earnings. Meanwhile, the Dow index led the decline as IBM announced a decline in sales. Meanwhile, as Democratic Senator Manchin fiercely objected to Biden’s $1.9 trillion in stimulus package, $2,000 in subsidies, the uncertainty on the payment of the subsidy is growing. However, it is expected to pass sooner or later, contrary to market concerns, as the members of the legislator’s support base strongly oppose it. The US manufacturing PMI exceeded expectations for home sales. A diagnosis is being made about accelerating economic recovery.

Oil prices fell due to the spread of corona controversy in China. Gold also closed lower due to uncertainty over stimulus measures.

The corona trend continued to decrease in the number of new cases in the United States. A decrease in the corona spread is being confirmed near Los Angeles, California, where the spread was the most severe. The confirmation rate is also showing a decline for two consecutive weeks. In an interview, Dr. Briggs, a corona response expert in the Trump administration, revealed in an interview that “someone was providing fake information about the corona to Trump,” and it is controversial. Sputnik, a Russian-made corona vaccine, was urgently approved in the UAE and in Hungary, Europe. China is undergoing a large-scale corona inspection after the Beijing shutdown. Meanwhile, after the coronavirus, it turned out that China was the country that received the most direct investment in the world, beating the United States.

The cryptocurrency market has recovered around the $32,000 level after the plunge in bitcoin. Although corrections have taken place, expectations for an uptrend have risen over this. The double payment controversy and Yellen’s remarks seem to have been a sharp decline in a situation where the desire to realize gains from selling due to short-term overheating has increased. Meanwhile, according to Channellisis, a cryptocurrency forensic specialist, only 0.34% of all Bitcoin transactions in 2020 are used for illegal purposes. This is a 2% decrease from the previous year. It was confirmed that it was mainly used to pay for ransomware. Another notable point is the strength of altcoins, including Ethereum.

※ This article was written based on data from Fair Square Lab, a digital asset research organization. This is an investment reference only, and Joindie is not responsible for investment decisions.